MIDDLE EAST WATER IN BRIEF
- From: Vol 12, Issue 9 (September 2011)
- Category: Brief
- Region: Middle East
- Country: Libya, Oman, Saudi Arabia and United Arab Emirates
- Related Companies: Amiad Filtration Systems, Credit Agricole Indosuez, Dubai Electricity and Water Authority , Kexim, Maadin, National Transitional Council, National Water Company , Natixis, Oman Power and Water Procurement Company, Samsung, Saudi Electricity Company and SMBC
* The 160,000m3/d Muharraq wastewater BOT officially reached financial close on 14 September.
Funding for the $346 million project, won by a Samsung-led consortium in February, is supported by $137 million of debt from Korean ECA Kexim. Kexim also guaranteed $90 million of the Natixis/SMBC/Crédit Agricole commercial debt tranche, which was priced in the 180-220 basis points range above Libor. The remaining $50 million commercial debt priced at Libor + 225-275bps ...
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